Promontory, Chilliwack - September 2026 Real Estate Report

Promontory, Chilliwack: Your Home Is Worth Less Than the City Thinks - Here's the Real Number

If you've been glancing at your BC Assessment notice and feeling pretty good about yourself, hold on. The actual market is telling a slightly different story right now, and if you're thinking about making a move this summer, you need to know the difference.

The Vibe Right Now

Promontory is one of the more established neighbourhoods in Chilliwack - 2,254 properties assessed this year, 17 transactions recorded in 2026, and a community that consistently punches above its weight on the Chilliwack leaderboard. But the market is taking a breather. Neighbourhood growth dipped 0.01% year over year, and that's showing up in the numbers across both houses and condos.

Houses: The Honest Picture

We saw only 1 house sell in Promontory this month, with an average sale price of $479,500 - down 25.1% from last month. That's a big swing, but with just one transaction, a single sale can move that number dramatically. Don't panic. The bigger, more reliable signal is the predicted market value sitting at $921,316, which is actually slipping below the 3-month moving average of $929,207. Values have shifted -0.82% recently.

• Predicted Market Value (Houses): $921,316
• 3-Month Moving Average: $929,207
• Average Sale Price This Month: $479,500
• Price Per Square Foot: $349
• Estimated Monthly Rent: $3,939
• Rental Yield: 4.86%
• Airbnb Estimate: $196 per night
• Growth Rank: 5 out of 9 in Chilliwack (below average)
• Price Rank: 9 out of 9 in Chilliwack (most affordable tier)

That price rank is worth a second look. Sitting at 9 out of 9 for price means Promontory houses are among the most affordable in the city. For buyers, that's a signal. For sellers, it means you need to price sharp and price smart - not based on what the assessment says.

One bright spot: even at these prices, Promontory houses are still edging out nearby Sardisvedden, where the average sold price sits at $461,200. We're holding a small but real premium over our neighbours to the south.

Condos: The Stronger Story

If houses are the cautious headline, condos are where Promontory earns some bragging rights. The HonestDoor Price for condos is $560,517 - up 0.41% from the previous period. The predicted value is $558,238, which is slightly off the 3-month moving average of $560,634, but the recent value change of +0.63% shows momentum is still positive.

• HonestDoor Price (Condos): $560,517
• Predicted Market Value: $558,238
• 3-Month Moving Average: $560,634
• Estimated Monthly Rent: $2,679
• Rental Yield: 3.72%
• Airbnb Estimate: $133 per night
• Growth Rank: 2 out of 9 in Chilliwack (above average)

A growth rank of 2 out of 9 puts Promontory condos near the top of the Chilliwack leaderboard. Compare that to Sardisvedden condos at $454,304 - we're running about $100,000 ahead of them. Ryder Lake condos are priced higher at $709,977, but growth data there is unavailable, so that premium is harder to justify right now.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here's the thing about BC Assessment. It's a snapshot taken months ago, using data that's even older than that. It doesn't know what happened in the market last quarter. It doesn't know that Promontory house values have dipped -0.82% recently or that the 3-month trend is softening.

The average assessed value for a Promontory house is $941,116. The average HonestDoor Price is $920,992 - that's 2.14% lower than what the city has on file. That gap is real money. We're talking roughly $20,000 in difference between what the government thinks your home is worth and what the market is actually signalling today.

The HonestDoor Price updates in real time. It pulls from actual transaction data, current market trends, and live comparable sales. Your assessment does none of that. If you're making any financial decision based on that assessment number - whether it's refinancing, listing, or just knowing where you stand - you owe it to yourself to check the HonestDoor Price first.

The So What - Selling in Promontory This Summer

If you're thinking about listing this summer, here's the straight talk.

• The market is softer than the assessment suggests. Price to the HonestDoor Price, not the assessed value.
• House inventory is thin - only 17 transactions in 2026 so far. That cuts both ways. Less competition, but also fewer buyers actively shopping.
• Condos are the stronger play right now. A growth rank of 2 out of 9 and a 0.41% price increase means condo sellers have more leverage than house sellers at this moment.
• Rental demand is real. At $3,939 per month estimated rent and a 4.86% yield on houses, buyers who are on the fence about purchasing might be swayed by the income story. Lead with that if you're marketing to investors.
• Airbnb potential ranks 4th in all of Chilliwack. If your home has the right setup, that $196 per night number is a legitimate selling feature worth putting in your listing.

Bottom line - Promontory is not a neighbourhood in trouble. It's a neighbourhood recalibrating. The buyers who show up this summer will be serious ones, and the sellers who price honestly will be the ones who close. Check your HonestDoor Price, know your real number, and go from there.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.